Fed to keep rates unchanged until December - JP Morgan

JP Morgan Chase & Co expects the Federal Reserve to keep interest rates on hold before a rate hike in December. 

The investment bank previously forecast two quarter-point federal funds rate hikes this year to a target range of up to 3 percent and another two increases in 2020, to 3.5 percent, according to Reuters. 

The bank now expects the Fed to deliver just one hike this year and another in 2020.